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Usf1 Formula 1

USF1 has officially shuttered operations in Charlotte, NC. That's according to the Charlotte Business Journal, which notes that Ken Anderson, president of the team, sent employees an email yesterday pointing to financial woes as the straw that broke the doomed camel's back. Anderson's pet racing project was supposed to jump into the Formula One fray at the Bahain Grand Prix on March 14, but couldn't quite get its act together in time. Rumors of a shut down have been dogging the USF1 team nearly

The USF1 saga may have taken a turn for the worse today as Autosport reports that the hopeful team's operations have 'effectively been shut down.' Team personnel and the remainder of the operation's employees were reportedly given the news today that their services would no longer be needed, though some unknown number of them technically remain employed (albeit unpaid).

There will be no USF1 in Formula 1 racing this year – or any year for that matter. A full year before the new American team was set to take to the track in 2010, they have been shot down by the very series they planned to compete in. But before you get too upset and think this is a case of Anti-American bias or something, know that it is just the name that the sanctioning body was objecting to.